Category Archive

Dr. Rasmus takes up the key economic news of the past week that Trump is launching a trade war by raising tariffs on steel and aluminum imports. Contrary to press and media, it’s not a general ‘trade war’ but another example of US capitalists—the national ‘America First’ wing allied with Trump in the current case—signaling they intend to renegotiate trade …

Today’s show focuses on the pending US Supreme Court decision, Janus vs. AFSCME, which represents an escalation of the billionaire-corporate-right wing attack on unions. Dr. Rasmus welcomes guest, Joe Bryan, Vice President of Service Employees International Union (SEIU) local 1021 in California. The billionaires behind the case—from the State Policy Network to ALEC to the Koch Brothers, Bradley Foundation, Donors …

While the mainstream economists and business sources trumpet US and global growth underway, warnings about accelerating debt and recession from capitalist and more independent research sources are emerging as well. Dr. Rasmus reviews statements by Ray Dalio, CEO of the world’s biggest hedge fund, warning a 70% chance of recession, and by the OEDC researchers that government debt alone has …

Dr. Rasmus debunks the media hype about wages now rising, showing how in fact real weekly earnings for non-management workers (both full and part time) over the past year amounts to only 6 cents to 8 cents per hour, based even on government Dept. of Labor data. And the trend is downward, as wage(hourly wage x hours worked) earnings change …

Dr. Rasmus delves deeper into this past week’s US and global stock crash. Is it another 2008? Or more like the dotcom tech bust of 2000? Rasmus argues the current decline has characteristics of both 2000 and 2008 and may be therefore even more significant. How tech stock speculation drove 2000 and how property based financial speculation-engineering in derivatives drove …

In the first half of the show, Dr. Rasmus reviews key economic developments of the past week: the emerging major correction of bubbles in stock and bond markets; the reversal of forces that drove up Bitcoin and crypto currency prices to bubble levels in 2017 (that are now driving down Bitcoin et.al. prices); the end of the Janet Yellen regime at …

Download this episode (right click and save) While ‘Davos Men’ at the World Economic Forum gathering celebrate a short term resurgence in global economic growth, more serious longer-run problems in the global economy remain and appear to be growing. Dr. Rasmus discusses how global trade growth in relation to GDP has been slowing dramatically, how global income and wealth …

Dr. Rasmus explains the forces behind the 2017 escalating Bitcoin bubble and their reversal in 2018 in recent weeks, leading to the collapse of Bitcoin prices. Both demand and supply forces driving, then collapsing, bitcoin are explained, and projections for 2018 offered where Bitcoin and other Altcoins may be headed. Crypto currencies as classic financial asset speculative …

Dr. Rasmus starts the show with comments on last week’s announcement by WalMart raising its minimum wage and the Bloomberg News story about China considering cutting back buying US Treasury bonds. The rest of the show addresses the Trump Tax Cuts true extent of tax reduction on corporations, businesses, investors and the wealthiest 1% households. Jack debunks the notion that …

Download this episode (right click and save) Dr. Rasmus provides his economic and political predictions for the coming year, 2018, including: flattening yield curve and recession 2019, slowdowns in autos, housing, retail, why the Fed won’t raise interest rates 3 more times in 2018why health care costs are about to surge again, why the Dems won’t take back the Senate …